Threshold purchases and rehabilitates homes that are sold to families at or below 80% of Area Median Income. Participating families must have 3% of the total purchase price at closing and must secure a mortgage loan for 80% of the cost of the home. The other 17% of the purchase price and all of the closing costs are provided to the family through a deferred second mortgage.
Parties interested in participating/purchasing a house through this program should contact ReMax Premier Group, 412-851-0600 ext. 286 – Agent Eric Perrell, 412-877-5214 (cell), email@example.com.